All companies should plan to give around 3 hours of their time during the month of September for a series of webinars with government users. This time will increase dependent on the number or webinars your team in interested in attending. These webinars will help you further understand agencies’ needs and how your capabilities may help solve these problems. After the webinar series, plan to give 5 hours of your time to develop your submission, due on September 30, 2019. Submissions are your explanation of how your company’s capabilities respond to specific problem statement(s). If your submission is selected as a finalist to participate in Hyper Accelerator Week, prepare to attend 3-4 on-boarding and educational webinars during the month of October. You should also allow time to plan travel and logistics, and conduct further research into problem statements. You may also want to allow some hours to research potential data sets that might help you demonstrate your capability during the Hyper Accelerator Week. Then, on November 18-20, you’ll participate in a 3-day Hyper Accelerator Week, in which you’ll interact with defense users and illustrate how your capabilities fit defense user needs. This will be a 3-day event, exclusive of travel.
We have worked with each problem sponsor to confirm they have a pathway to purchasing/contracting at the end of Hyperspace Challenge. This is to say they either have buying authority or a pathway to a contract. Part of the role we serve is to help you understand and maneuver the contracting process through the Hyperspace Challenge.
Yes, you can partner with another company or organization. Please have the ‘lead’ company be the company who would the lead on any contract you would be pursuing moving forward. Revenue numbers are only required for the lead, if you’d like to include your collaborator’s revenue that is optional, the appropriate place to do this are in the sections “Company Revenue Overall” and “Federal Goverment Revenue History” on the written portion of the submission. Please do not combine the revenues from both companies into one number, keep revenues clearly designated to the appropriate company or organization.
Awards will be distributed as grants for the purpose of assisting the recipient in pursuing acquisition and/or contracting opportunities with Air Force or other government entities. Companies selected to participate will be set up as a vendor with New Mexico Tech and will submit an invoice for the award received.
There are numerous contracting and acquisition opportunities that might exist through the program. Hyperspace Challenge is one of many initiatives emerging as Space Technology Accelerators within the Air Force, and participating in our challenge brings you into a network that also includes Colorado Springs and Los Angeles, as well as other programs focused on increasing the speed of innovation within the defense community. We cannot guarantee that participants will win contracts or undergo rapid acquisition with government agencies. However, we’re here to help facilitate the contracting process as new contracts are a primary goal of Hyperspace Challenge. We do know that startups who have participated in similar programs have gone on to contract or have their technology purchased by government users they met during their respective programs.
We encourage companies to use appropriate discretion as they interact with defense users and peer participants. We want your capabilities to be understood, but your IP and/or trade secrets will remain protected. Rest assured that anything shared with the Hyperspace Challenge team will be used only for purposes of screening, vetting, and selecting applicants for full participation.
After the Hyper Accelerator Week in November, your company may be assigned a Government Liaison who will continue to assist in your company’s pursuit of rapid acquisition or contracting opportunities. This person will help broker follow-on meetings, navigate submission processes, and generally vouch for you within the defense community. Because there are many ways a company’s technology might reach end users within the defense community, we can’t prescribe exactly what will happen and a precise timeline, but our commitment is to help you move as quickly as possible to a real business relationship over three to six months post-accelerator.
We recommend three roles from your company be present to realize the full benefit of the interactions:
- Business Development Lead (CEO for many startups)
- Technical Lead (CTO for many startups, understands overall capabilities of the company’s technology[ies])
- Product Lead / Developer (i.e. team member working under Technical Lead who is hands-on with the code)
Yes, by October 16 we will send a packet to participating companies to assist in travel planning and logistics for you and the team members coming with you. We’ll even let you know where the best spots are for green chile.